SE Asia Stocks-Malaysia near 1-mth low; China data weighs on region
BANGKOK, March 10 (Reuters) - Malaysian shares fell to a
near one-month low on Monday amid heavy selling in Malaysian
Airline stocks after a Boeing 777 operated by the
airline went missing over the weekend while most markets eased
as weak Chinese data dented sentiment.
Malaysia's main stock index closed down 0.6 percent
at 1,822.06, its lowest close since Feb. 14. Malaysian Airline
System shares ended 4 percent lower, losing 18 percent at one
point to a record low of 0.205 ringgit.
About 385 million shares changed hands in the session, 9.15
times the full-day average over the past 30 sessions.
The disappearance of a Malaysian jetliner is an
"unprecedented aviation mystery", a senior official said on
Monday, with a massive air and sea search now in its third day
failing to find any confirmed trace of the plane or the 239
people aboard.
Other aviation-related shares were also weaker. Shares of
Malaysia Airports Holdings were down 1.7 percent.
Singapore's key index fell 0.3 percent after four
sessions of gains. Property shares such as CapitaLand
were among the losers amid expectations about slowing property
demand, according to a local broker.
Investors trimmed holding in commodities and coal mining
shares such as Indonesia's Adaro Energy and Thailand's
Banpu after weekend data showed China's exports
unexpectedly tumbled in February.
The Thai SET index fell 0.4 percent while
Indonesia's main index eased 0.2 percent amid caution
ahead of the central bank's interest rate reviews later in the
week.
Bank Indonesia was expected to hold its benchmark reference
rate unchanged at 7.5 percent at a policy meeting on
Thursday.
The Bank of Thailand's monetary policy committee is expected
to cut the benchmark interest rate by 25 basis points to 2
percent in a meeting on Wednesday to help the economy cope with
prolonged political unrest in Bangkok.
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SOUTHEAST ASIAN STOCK MARKETS
Change on day
Market Current Prev Close Pct Move
TR SE Asia Index* 402.43 404.96 -0.63
Singapore 3126.63 3136.26 -0.31
Kuala Lumpur 1822.06 1832.26 -0.56
Bangkok 1349.05 1355.08 -0.44
Jakarta 4677.25 4685.89 -0.18
Manila 6487.23 6481.83 +0.08
Ho Chi Minh 583.69 579.75 +0.68
Change on year
Market Current End 2013 Pct Move
TR SE Asia Index* 402.43 388.37 +3.62
Singapore 3126.63 3167.43 -1.29
Kuala Lumpur 1822.06 1866.96 -2.40
Bangkok 1349.05 1298.71 +3.88
Jakarta 4677.25 4274.18 +9.43
Manila 6487.23 5889.83 +10.14
Ho Chi Minh 583.69 504.63 +15.67
* The Thomson Reuters South East Asia Index is a
highly representative indicator of stocks listed in Indonesia,
Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Stock Market Volume (shares)
Market Current Volume Average Volume 30 days
Singapore 169,124,000 232,728,793
Kuala Lumpur 127,615,100 134,248,253
Bangkok 5,919,806 5,474,604
Jakarta 3,683,566,600 3,408,652,393
Manila 49,221 85,459
Ho Chi Minh 145,026 133,265